Swiss Trade Surplus Widens in April

Switzerland’s trade surplus widened to CHF 3.2 billion in April 2026 from a downwardly revised and more-than-two-year low of CHF 2.6 billion in the previous month. Exports edged up 0.1% month-over-month to a three-month high of CHF 22.3 billion, as the decline in chemical and pharmaceutical products (-3.1%) was offset by stronger shipments of machinery, electronics and equipment (5.5%) and watches (5%). By destination, exports to Asia climbed 9.8%, while shipments to North America surged 16.2%. However, exports to Europe slumped by 11.6%, with shipments to EU countries falling 12.3%. Meanwhile, imports dropped 3.0% month-over-month to CHF 19.0 billion, mainly due to lower purchases of chemical and pharmaceutical products (-16.2%) and food, feed, and beverages (-1.3%). By region, the decline was led by lower imports from Europe (-1.1%), while arrivals from North America (7%) and Asia (4.4%) posted growth.

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